Storm Shutters

[MargaretMort]

I have a client who has a rental house. This past year he bought storm shutters for the house--we live near the Gulf Coast in FL. These ran in the neighborhood of $1200. The shutters are not permanently installed on the house, put up and taken down as needed in the event of a hurricane. For some reason I can't decide if I should depreciate the cost or not. What say you?

Thanks

[GeneInAlabama]

If he doesn't use it for personal use for more than 14 days a year, I don't see any reason why he can't depreciate it.

[Janitor Bob]

I have a client who has a rental house. This past year he bought storm shutters for the house--we live near the Gulf Coast in FL. These ran in the neighborhood of $1200. The shutters are not permanently installed on the house, put up and taken down as needed in the event of a hurricane. For some reason I can't decide if I should depreciate the cost or not. What say you?

Thanks

To me, they do not seem to be a permanant improvement like a roof or windows, so I would expense as opposed to depreciate

...but then I also jumped from a roof to see if the umbrella would slow my descent.

[MargaretMort]

This is not a vacation house, full-time rental. It didn't seem like an improvement to me but I am questioning all my thoughts now. My first instinct was to expense the entire cost. Probably will go that way. Thanks. Oh, and JB, please use a parachute so you don't squash the fricking banana.

[BulldogTom]

Margaret,

It is a "FRIKKIN" banana not a "fricking" banana. I refer you to the thread on 1/29, and especially the post by Jainen about the history of Phrygen banana wars. If this was simply a spelling mistake, I will excuse your typing. Otherwise, please keep up with the terminology used on this board so as not to offend other posters who might not understand your incorrect usage of a very important tax term.

(If you are offended by this post, you must not be able to see the tongue firmly planted in my cheek.) ;o)

Tom

Lodi, CA

[Janitor Bob]

This is not a vacation house, full-time rental. It didn't seem like an improvement to me but I am questioning all my thoughts now. My first instinct was to expense the entire cost. Probably will go that way. Thanks. Oh, and JB, please use a parachute so you don't squash the fricking banana.

Don't be silly Margaret.....Parachuting with a Frikkin banana is not only dangerous, but also illegal in most states...unless of course, you have a frikkin banana parachute license.

[MargaretMort]

Gosh, I am so glad to add to the levity of the board. I lost my head, along with my mind, and forgot how to spell frikkin'. I am sooooooooo embarrassed. Not only that, my spell checker told me so. Oh well, this too will pass. M

[zeke]

You should feel honored - Bob don't just anyone play with his frikkin banana.

[MargaretMort]

Thank the good Lord for that. JB's fiancee might just possibly object strenuously and my ever-loving of nearly 53 yrs definitely would. but I am honored to be right up there with JB's frikkin' banana even without a parachute.

[jasdlm]

53 years???!!!

[MargaretMort]

Yes, on June 5 we will have been married 53 yrs. I keep telling everybody I am getting old and this tax year has proved it. I often think my mind has wandered off, probably looking for a frikkin' banana for JB.

[Janitor Bob]

Thank the good Lord for that. JB's fiancee might just possibly object strenuously and my ever-loving of nearly 53 yrs definitely would. but I am honored to be right up there with JB's frikkin' banana even without a parachute.

wow...53 years....now THAT's a Frikkin marriage!